Enterprise Blockchain and FinTech Development

An award-winning global consultancy and development firm, helping both companies and ecosystems significantly reduce the costs and complexity of doing business and unleash the potential of their new products.

Blockchain

Overview & Benefits

INDUSTRIA is developing enterprise blockchain solutions, based on the Corda Distributed
Ledger Technology (DLT). We remove costly friction in business transactions by enabling
businesses across different industries to transact directly. This dramatically
increases efficiency in complex business operations by guaranteeing that all parties
are always in sync, thereby unlocking new potential for firms to grow and transform
their businesses.

Using smart contract and blockchain technology, the blockchain consultancy and
development services we are offering allow existing business networks to reduce
transaction and record-keeping costs and to streamline business operations. Corda
enables an interoperable, open network that empowers organizations to collaborate and
transfer value directly with trust.

Direct transactions between businesses create new efficiencies and dramatically reduce
operational costs. Businesses from different industries gain better liquidity and
capital management, fraud is minimized with verifiable linked records, and settlement
time for transactions is dramatically reduced. These occur with the ability to verify
the counterparties and properties of transactions for risk reduction.

As an enterprise blockchain platform Corda also enables new revenue opportunities and
is in the centre of your digital transformation. Transactions that were once out of
reach for the businesses will now become possible. For example, a direct connection to
business partners opens new markets and expands the possibilities to grow or evolve a
business. There is also an opportunity for the creation of new business networks that
were not existent or impossible to create without the trust that blockchain technology
provides.

By implementing Corda in your ecosystem, we provide a platform for businesses to work
together. It is an open source technology platform and also available as Corda
Enterprise. As a component of an overall technology stack, it forms the foundation of
next-generation IT infrastructure.

Operating as a shared platform, the enterprise blockchain enables a wide set of use
cases and stakeholders. INDUSTRIA is also actively working to integrate Corda with the
legacy system, industrial Internet of Things (IoT) frameworks, deep learning AI
platforms and another broad set of solutions. We set focus on simplicity of development
and interoperability.

Services

Use Case Identification

Learn where and when blockchain makes sense for the given enterprise or
ecosystem.

Define use cases that are addressing business challenges.

Assess how well the defined use cases leverage the strengths of the enterprise
blockchain.

Evaluate the use cases on visibility, feasibility and desirability.

Proof of Concept Creation

Define the Minimum Viable Ecosystem (MVE) and onboard the team.

Create the functional and technical architecture for the blockchain solution.

Identify how the Corda technology stack fits in the needs of the particular use
case.

Develop iteratively the proof of concept using an agile development methodology.

Scaling of the Blockchain Solution

Develop the additional blockchain use cases needed by the business or the
ecosystem.

Expand the product by creating operating models and governance.

Pilot the enterprise blockchain solution in a live production environment.

Design the roll-out strategy and integrate the blockchain with the legacy
systems.

Industries

Finance

The financial services industry formed the earliest and most demanding use cases
for the enterprise blockchain and the distributed ledger technology.

Asset Tokenisation

Tokenisation is the process of converting some form of asset into a
token that can be moved, recorded, or stored on a blockchain system (in our case
the distributed ledger platform Corda).

Construction

The enterprise blockchain technology has the potential to revolutionize
construction financing through smart transactions and a massive digital and
decentralized financial system.

Supply Chain

A verifiable, trusted, and immutable chain of data is a necessity for the supply
chain network. We support this enhancement in order to provide more efficient
access to trade and finance services.

Trade Finance

Corda enables business networks to collaborate on areas such as documentation
approvals for customs, port authorities or other entities. It also facilitates
payment and release of goods.

Insurance

Corda automates the processes related to issues and claims with the use of smart
contracts, reduces informational asymmetries, and allows information sharing on a
need-to-know basis.

Healthcare

We use the blockchain technology to unite disparate processes within
the healthcare industry, increase data flow, and reduce costs, resulting in
improved patient experience and outcomes.

Government

An enterprise blockchain technology like Corda reduces the need for government
involvement in transactions with immutable records and atomic transactions and
minimises the risk of fraud or error.

Technology Stack

Corda

An open-source blockchain platform developed by R3 in partnership with
industry-leading companies. Corda is a blockchain software that combines innovative
technology with privacy, scalability, and governance.

Corda Enterprise

A commercial distribution of Corda, specially designed for mission-critical and
heavy-duty applications. It includes a proprietary Blockchain Application Firewall,
support for Oracle and SQL Server Databases, 24/7 technical support, enhanced
security, high availability, disaster recovery, high-performance modes, and many
other features.

Accord Project

A solution that helps us deliver customer-centric legal and business solutions faster,
and at lower cost while focusing on the creation of the so called 'Smart Legal
Contracts' - a growing phenomenon that connects traditional legal agreements to
external sources of data, enterprise technology, and online services.

Fintech

Overview

Technology is constantly changing the established workflows and processes in the financial
services industry. The picture of a financial world with paper money, bulky computers, and
human interaction is vanishing. Tasks customers do now are being completed entirely via
digital interfaces. Innovations in technology and user experience create massive disruption
opportunity for the FinTech start-ups. Some of the new companies that had received
investments for new products are re-imagining almost every type of financial activity. At
the same time, existing companies, such as the established banks, are trying to solve the
puzzle the FinTech revolution presents – how to benefit from the rise of the digital and at
the same time avoid becoming obsolete.

Experience

INDUSTRIA was born 15 years ago, in the middle of the Internet revolution. Since then, we
have made our way from a small agency focusing merely on websites to a solid full-stack
FinTech development company. We create customer-service interfaces and FinTech solutions
for banking and financial services providers.

Through a combination of technical innovation and customer understanding, we deliver
products that engage users and achieve the objectives of your business. Our commitment and
quality performance have been proven over 15 years of financial technology experience with
mutual trust and lasting partnerships with our clients.

Digitalisation is driving the fourth industrial revolution. Modern banking will continue to
enhance the convergence of physical, virtual and remote interaction, with the customer as
the focus of strategy and operations. Customer service and customer experience technologies
will help providers meet and exceed customer expectations.

Our financial services clients turn to us for cost reduction solutions, improving the
online banking experience, and for advice and implementation of innovative customer-facing
technologies. We have extensive experience in the FinTech field and work with our financial
services clients to help them to maximise the opportunities of the changing technological
and customer environment.

We are a preferred technological and customer-experience partner to many financial services
institutions. We understand the complexity and regulation of the sector and the
organisations it comprises, as well as the individuality of each provider. Through
dedication and professionalism, we deliver innovative solutions and ensure the success of
your business.

Services

Analysing Business Needs

The goal at this stage is to find out how and where the software product and the
data inputs or outputs required will be used. It is concluded with a requirement
specification document mapping everything involved in the gathering and analysis
activities.

Design

Building upon your corporate identity (or creating one, if necessary) INDUSTRIA
develops interaction and visual design of banking and finance solutions so they
correspond to your business objectives and deliver optimal user experience.

Coding

We develop secure solutions for your banking services to ensure that no private
data will be affected by malicious employees or inside threats. Our products have
several security levels - security of system operations, network security, database
and middleware security, and user profile security.

Testing

Tests help determine if the product meets the business needs of the target
consumers. In addition to functional and non-functional testing, we test usability
with real users, aiming for the best possible user experience.

Deployment

After the initial deployment, we usually carry out beta testing to identify and fix
any remaining issues before final deployment. Final deployment can only happen when
the software engineers fix any bugs that the beta testers found.

Maintenance

This stage focuses on helping you through problems when using the FinTech software.
In addition, we provide SEO services and content strategies to improve your
website’s visibility and user experience, employing the latest techniques and
effective tactics.

Use Cases

Robo Advisors

INDUSTRIA develops technology-driven intelligent systems, designed to help
customers get the best investment product or bank package programme. The benefits
are expressed in new leads and improved customer retention. The Robo Advisors we
create reduce the costs of professionally managed investment assistance.

Desktop and Mobile Banking Interface

We have developed in-house processes that ensure the delivery of customer-centric
online and mobile banking interfaces, starting with understanding the requirements
and priorities of both customers and the bank. In close collaboration with your
team, we analyse the specificities and priorities of your organisation and create
solutions that meet your needs, goals and technological requirements.

Insurance Frontend Systems

Our portfolio includes web and mobile apps that enable customers to purchase
insurance products, submit claims, pay policy instalments, and receive payment and
renewal notifications upon insurance expiry or payment due dates. Such solutions
help customers go through application and renewal procedures quickly and easily and
monitor their sensitive insurance related information.

Robotics Process Automation

Robotics is beginning to have a profound effect on the banking and finance industry
especially as a replacement for repetitive, routine tasks. Our solutions allow
software robots to do the manual work quickly, accurately, and tirelessly. Human
resources can focus on doing value-added tasks that require human-specific
abilities such as emotional intelligence, reasoning, judgment, and interaction with
the customer.

Technology Stack

Python

It is the most used language in the FinTech world that lets you work more quickly
and integrate your systems more effectively. It is applicable to data science and
machine learning, script writing, and automation. We use Python for back-end
development with fantastic tools such as Django and Flask. Connected technology
solutions built on Python include robot process automation, building IoT solutions,
home automation, renewable energy, smart agriculture, and many more.

JavaScript

For FinTech founders, selecting the languages and frameworks that form your core
product will have serious implications over the lifespan of the product. Therefore
we have carefully chosen the two most recognised client-side JavaScript application
platforms (Angular and React), that help us build fantastic functionality-rich
client-side interfaces for desktop and mobile, in keeping with the best security
practices for JavaScript.

Clients

15 years of Modernising Banking and Financial Sector

We built INDUSTRIA 15 years ago, in the middle of the Internet revolution. Most of our clients like UniCredit,
Raiffeisen Bank and UNIQA come from the bank and financial sectors and have been with us throughout the years.

We always aim to deliver high quality and on time, treating our clients as our long-term partners.
Now we help them innovate again with implementing DLT/blockchain, reduce cost and improve trust.

Petko Karamotchev

Director

One of the founders of the enterprise blockchain/DLT consultancy and development company INDUSTRIA.tech, Petko Karamotchev has 20 years of experience in the financial services and the enterprise IT. Holds degrees from University of Portsmouth, UK and Cotrugli Business School, Croatia. Free market advocate and part-time social theorist.

Boycho Stanev

Business Development Lead

Boycho is a sales driven professional with vast experience in Business Development and Account Management for global enterprises. A psychologist by nature who handles customer relations with passion. With 10+ years in professional basketball Boycho brings teamwork and collaborative spirit to both our clients and the team.

Richard Clegg

Partner

Richard is an investor in a number of innovative European and international technology companies. An equity partner at Wolf Theiss, he has particular career specialization and expertise working in and with the technology & regulated industries. He leads and negotiates regional and international transactions and projects for investors, owners and entrepreneurs including equity fundraising & ICOs, international partnerships & joint-ventures, commercial & blockchain contracting, compliance and structuring. Educated at UCL and INSEAD, Richard is a qualified solicitor in England & Wales and the Republic of Ireland.

Petar Petkov

Operations Manager

Senior executive with 14+ years of experience in company management, project management, financial control, team management and customers relations. Proven track record of successful international and domestic IT projects in banking, real estate and other sectors.

Venelin Stoykov

Technical Lead

A true developer by heart. Software engineering and programming have been his profession for the past 8 years, and a hobby since he saw a computer for the first time back in the 90s. Holds degrees from Technical University in Sofia, Bulgaria and University of Library Studies and Information Technologies in Sofia, Bulgaria. Open Source believer and proponent.

Kalina Dimova

UX Lead

User experience and visual lead with a focus on creating the right solutions by asking the right questions. Kalina Dimova has more than 9 years of design experience. She studied Sculpture at the National Academy of Fine Arts, Sofia and Marmara University, Istanbul. Tries to save the planet from plastic.

Kameliya Nikova

Marketing Lead

Customer-driven marketing specialist and content strategist with more than 5 years of experience in various online marketing projects. Kameliya holds a degree in Marketing from Plovdiv University. She’s detail-obsessed and ensures that marketing processes and tools support the business objectives.

Asen Doychev

Solutions Lead

Asen has extensive experience in building software solutions for enterprises, financial institutions and government bodies. Holds a Master of Business Administration (MBA) degree from Tulane University’s Freeman School of Business, New Orleans, and a degree from the University of National and World Economy, Sofia.